Format:
1 Online-Ressource (circa 33 Seiten)
,
Illustrationen
ISBN:
9781484351109
Series Statement:
IMF working paper WP/18, 88
Content:
China is the most decentralized country in the world in terms of expenditures shares, with subnational governments responsible for 85 percent of government spending. Limited revenue autonomy and insufficient intergovernmental transfers have led to large unfunded mandates and a build-up of debt outside the budget. The government has recently announced an ambitious intergovernmental fiscal reform, which will increase the role of the central government. Comprehensive reform is needed to improve public service delivery, increase overall social spending levels and reduce regional disparities. Revenue reforms are also necessary to improve efficiency and reduce vulnerabilities from excessive subnational borrowing. These reforms are challenging, but are crucial so that the government can support China's continued development and prosperity
Additional Edition:
Erscheint auch als Druck-Ausgabe Wingender, Philippe Intergovernmental Fiscal Reform in China Washington, D.C. : International Monetary Fund, 2018 ISBN 9781484351109
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484351109.001
URL:
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